Raymond James Financial Services Advisors Inc. Boosts Stake in Federal Realty Investment Trust (NYSE:FRT)

Raymond James Financial Services Advisors Inc. lifted its position in shares of Federal Realty Investment Trust (NYSE:FRT) by 5.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,808 shares of the real estate investment trust’s stock after acquiring an additional 721 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Federal Realty Investment Trust were worth $1,423,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of FRT. RB Capital Management LLC purchased a new stake in shares of Federal Realty Investment Trust during the 1st quarter worth about $272,000. American Century Companies Inc. boosted its stake in shares of Federal Realty Investment Trust by 119.6% during the 1st quarter. American Century Companies Inc. now owns 19,465 shares of the real estate investment trust’s stock worth $2,376,000 after acquiring an additional 10,601 shares in the last quarter. MetLife Investment Management LLC boosted its stake in shares of Federal Realty Investment Trust by 25.4% during the 1st quarter. MetLife Investment Management LLC now owns 19,396 shares of the real estate investment trust’s stock worth $2,368,000 after acquiring an additional 3,929 shares in the last quarter. Panagora Asset Management Inc. boosted its stake in shares of Federal Realty Investment Trust by 3.9% during the 1st quarter. Panagora Asset Management Inc. now owns 5,123 shares of the real estate investment trust’s stock worth $625,000 after acquiring an additional 193 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of Federal Realty Investment Trust by 7.7% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 9,467 shares of the real estate investment trust’s stock worth $1,156,000 after acquiring an additional 679 shares in the last quarter. 93.86% of the stock is owned by hedge funds and other institutional investors.

Federal Realty Investment Trust Stock Down 0.0 %

FRT stock opened at $99.74 on Friday. The company has a market cap of $8.27 billion, a price-to-earnings ratio of 35.62, a PEG ratio of 2.82 and a beta of 1.21. The company has a current ratio of 2.64, a quick ratio of 2.64 and a debt-to-equity ratio of 1.60. Federal Realty Investment Trust has a 12 month low of $85.27 and a 12 month high of $107.61. The firm has a 50-day moving average of $100.48 and a two-hundred day moving average of $97.80.

Federal Realty Investment Trust (NYSE:FRT) last released its quarterly earnings data on Monday, February 12th. The real estate investment trust reported $0.76 EPS for the quarter, missing analysts’ consensus estimates of $1.64 by ($0.88). The business had revenue of $291.50 million during the quarter, compared to analyst estimates of $292.05 million. Federal Realty Investment Trust had a net margin of 20.93% and a return on equity of 8.35%. The firm’s revenue was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.58 EPS. As a group, analysts forecast that Federal Realty Investment Trust will post 6.81 earnings per share for the current fiscal year.

Federal Realty Investment Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Wednesday, March 13th will be paid a $1.09 dividend. The ex-dividend date is Tuesday, March 12th. This represents a $4.36 annualized dividend and a dividend yield of 4.37%. Federal Realty Investment Trust’s dividend payout ratio (DPR) is 155.71%.

Analyst Ratings Changes

Several research firms recently weighed in on FRT. Wells Fargo & Company upgraded shares of Federal Realty Investment Trust from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $110.00 to $112.00 in a research report on Thursday, February 29th. Scotiabank reduced their price target on shares of Federal Realty Investment Trust from $110.00 to $109.00 and set a “sector outperform” rating for the company in a research report on Wednesday, February 28th. Truist Financial restated a “buy” rating and set a $117.00 price target on shares of Federal Realty Investment Trust in a research report on Monday, March 25th. Deutsche Bank Aktiengesellschaft began coverage on shares of Federal Realty Investment Trust in a research report on Tuesday, January 30th. They set a “hold” rating and a $109.00 price target for the company. Finally, Piper Sandler upped their price target on shares of Federal Realty Investment Trust from $116.00 to $122.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 20th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $112.60.

Federal Realty Investment Trust Company Profile

Federal Realty is a recognized leader in the ownership, operation and redevelopment of high-quality retail-based properties located primarily in major coastal markets from Washington, DC to Boston as well as San Francisco and Los Angeles. Founded in 1962, Federal Realty's mission is to deliver long-term, sustainable growth through investing in communities where retail demand exceeds supply.